Coast 2 Coast Funding Group Mortgage Rates, Fees & Info
IRVINE, CALEI: 5493005LE3FE2MIPPW66
Tax ID: 20-4459706
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Mortgage Data
Overview
Coast 2 Coast Funding Group is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Coast 2 Coast Funding Group has a high proportion of conventional loans. Their top markets include Los Angeles, San Francisco, Riverside, San Diego, and Oxnard among others. Coast 2 Coast Funding Group has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Coast 2 Coast Funding Group is typically a high fee lendor.Originations
539Origination Dollar Volume (All Markets)
$216,705,000Awards
COAST 2 COAST FUNDING GROUP - 2021
COAST 2 COAST FUNDING GROUP is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Coast 2 Coast Funding Group 's average 30 year fixed rate mortgage of loans were
3.13%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.02%.
Relative Fees
Coast 2 Coast Funding Group 's average total fees for a 30 year fixed rate
mortgage are $7,159.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 243 | $99,105,000 | $407,840 | $7,845 | 3.03% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 83 | $41,025,000 | $494,277 | $6,638 | 3.10% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 72 | $22,650,000 | $314,583 | $8,176 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 59 | $20,805,000 | $352,627 | $5,190 | 3.29% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 27 | $11,225,000 | $415,741 | $5,544 | 3.09% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 21 | $11,175,000 | $532,143 | $3,930 | 2.68% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 13 | $4,455,000 | $342,692 | $4,920 | 2.66% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $5,576 | 2.79% |
| SALEM, OR (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,590 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $13,489 | 3.99% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,354 | 3.00% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,706 | 3.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,329 | 2.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $5,032 | 3.19% |
| NAPA, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,354 | 2.49% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,004 | 2.99% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,354 | 2.99% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,271 | 3.50% |
| Outside of Metro Areas | 1 | $285,000 | $285,000 | $3,354 | 2.99% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,209 | 2.99% |
| MERCED, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,234 | 3.13% |
Coast 2 Coast Funding Group 's top markets include Los Angeles, San Francisco, Riverside, San Diego, and Oxnard among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 539 | $216,705,000 | $402,050 | $6,947 | 3.06% |
For the 2021 period, Coast 2 Coast Funding Group 's most frequently originated loan type of loans were Conventional, with 539 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 225 | $93,275,000 | $414,556 | $4,983 | 2.81% |
| Cash Out Refi | 183 | $66,695,000 | $364,454 | $9,373 | 3.17% |
| Home Purchase | 128 | $55,730,000 | $435,391 | $7,005 | 3.35% |
| Other | 3 | $1,005,000 | $335,000 | $4,628 | 3.38% |
For the 2021, Coast 2 Coast Funding Group 's most frequently cited loan purpose of loans were Refi, with 225 originations. The 2nd most popular reason of loans were Cash Out Refi, with 183 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 485 | $199,115,000 | $410,546 | $7,159 | 3.13% |
| 15 Year | 39 | $11,795,000 | $302,436 | $4,272 | 2.38% |
| 20 Year | 14 | $5,130,000 | $366,429 | $6,858 | 2.64% |
| Other | 1 | $665,000 | $665,000 | $10,159 | 2.88% |
For the 2021, Coast 2 Coast Funding Group 's most frequently cited loan length of loans were 30 Year, with 485 originations. The 2nd most popular length of loans were 15 Year, with 39 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 312 | $127,210,000 | $407,724 |
| $5k+ | 192 | $80,160,000 | $417,500 |
| $3k-4k | 31 | $7,845,000 | $253,065 |
| $2k-3k | 4 | $1,490,000 | $372,500 |
$7,159 of loans were Coast 2 Coast Funding Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 312 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 238 | $96,980,000 | $407,479 |
| 3-4% | 227 | $90,745,000 | $399,758 |
| <2.5% | 67 | $26,135,000 | $390,075 |
| 4-5% | 7 | $2,845,000 | $406,429 |
During 2021, Coast 2 Coast Funding Group 's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 238 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 248 | $76,820,000 | $309,758 | $6,474 | 3.08% |
| $400k-600k | 195 | $94,085,000 | $482,487 | $7,294 | 3.00% |
| $600k-1MM | 57 | $39,675,000 | $696,053 | $9,216 | 3.20% |
| $100k-200k | 39 | $6,125,000 | $157,051 | $4,895 | 3.06% |
2021 saw Coast 2 Coast Funding Group place emphasis on $200k-400k loans with 248 originations, totaling $76,820,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 166 | $73,590,000 | $443,313 | $6,948 | 3.06% |
| $150k-250k | 121 | $57,605,000 | $476,074 | $6,318 | 2.98% |
| $50k-75k | 90 | $28,280,000 | $314,222 | $8,196 | 3.14% |
| $75k-100k | 88 | $33,020,000 | $375,227 | $7,063 | 3.10% |
| $250k+ | 37 | $15,735,000 | $425,270 | $5,381 | 3.01% |
| $50k or less | 36 | $8,160,000 | $226,667 | $7,340 | 3.14% |
Coast 2 Coast Funding Group lent most frequently to those with incomes in the $100k-150k range, with 166 originations. The second most popular income band? $150k-250k, with 121 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 119 | $44,065,000 | $370,294 | $5,083 | 2.89% |
| 30-36% | 90 | $37,440,000 | $416,000 | $7,003 | 3.11% |
| <20% | 36 | $12,520,000 | $347,778 | $4,468 | 2.85% |
| 44% | 35 | $15,385,000 | $439,571 | $9,055 | 3.26% |
| 40% | 27 | $10,655,000 | $394,630 | $7,655 | 3.15% |
| 42% | 24 | $9,780,000 | $407,500 | $8,385 | 3.13% |
| 45% | 24 | $12,430,000 | $517,917 | $8,666 | 3.18% |
| 36% | 22 | $9,260,000 | $420,909 | $8,382 | 3.20% |
| 49% | 22 | $8,500,000 | $386,364 | $9,287 | 3.23% |
| 37% | 21 | $8,905,000 | $424,048 | $7,527 | 3.14% |
| 39% | 21 | $8,155,000 | $388,333 | $5,681 | 3.15% |
| 43% | 20 | $7,230,000 | $361,500 | $7,273 | 3.05% |
| 47% | 19 | $8,265,000 | $435,000 | $8,989 | 2.99% |
| 41% | 18 | $7,730,000 | $429,444 | $8,599 | 3.09% |
| 38% | 17 | $6,455,000 | $379,706 | $6,197 | 2.98% |
| 48% | 16 | $6,690,000 | $418,125 | $7,424 | 3.25% |
| 46% | 6 | $2,350,000 | $391,667 | $5,440 | 3.21% |
| 50-60% | 2 | $890,000 | $445,000 | $9,924 | 2.81% |
Coast 2 Coast Funding Group lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 90 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 368 | $141,930,000 | $385,679 | $7,144 | 3.07% |
| Asian | 110 | $51,140,000 | $464,909 | $5,916 | 3.05% |
| Black | 37 | $12,735,000 | $344,189 | $9,576 | 3.22% |
| Asian Indian | 11 | $5,085,000 | $462,273 | $4,389 | 2.52% |
| Not provided | 7 | $3,175,000 | $453,571 | $4,131 | 2.79% |
| Chinese | 3 | $1,255,000 | $418,333 | $4,030 | 3.12% |
| American Indian | 1 | $755,000 | $755,000 | $13,659 | 3.63% |
| Other Asian | 2 | $630,000 | $315,000 | $3,810 | 3.13% |
Approval Rates
Total approvals of all applications99.85%
Coast 2 Coast Funding Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.05%
Coast 2 Coast Funding Group has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 539 | $216,705,000 | $402,050 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 539 | $216,705,000 | $402,050 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 57 | $14,585,000 | $255,877 | $4,774 | 2.90% |
| 40-60% | 164 | $61,110,000 | $372,622 | $5,839 | 2.87% |
| 60-80% | 252 | $112,500,000 | $446,429 | $8,158 | 3.16% |
| 80-100% | 59 | $27,285,000 | $462,458 | $7,227 | 3.39% |
| Under 20% | 7 | $1,225,000 | $175,000 | $4,492 | 2.95% |
